SIMEX Signs Licensing Agreement With Dow Jones to Offer Dow Jones Malaysia and Thailand Stock Index Contracts.

SINGAPORE and NEW YORK--(BUSINESS WIRE)--April 27, 1998--The Singapore International Monetary Exchange (SIMEX) and Dow Jones & Company (Dow Jones) announced today that SIMEX has been granted a license by Dow Jones to create and trade futures and options contracts based on the Dow Jones Malaysia and Thailand Stock Indexes.

The contracts are expected to be listed on SIMEX in November 1998.

Dow Jones compiles, calculates and maintains proprietary benchmark indexes which track the performance of equity markets in 34 countries. The Dow Jones Industrial Average is the most well-established and widely-followed index for the stock market in the U.S., and is the basis for futures and options on futures listed and traded at the Chicago Board of Trade and options on the Chicago Board Options Exchange.

The Dow Jones Malaysia Stock Index is a market capitalization weighted index of 116 Malaysian stocks which covers approximately 80 percent of the total market capitalization of the Kuala Lumpur Stock Exchange (KLSE) of Malaysia. The Index has a 98 percent correlation with the KLSE Composite Index compiled by the KLSE.

The Dow Jones Thailand Stock Index is a market capitalization weighted index of 71 stocks listed on the Stock Exchange of Thailand (SET), and represents 80 percent of that market's total capitalization. The Index is 99 percent correlated to the SET Index. The licensing agreement gives SIMEX exclusive rights to use both the Dow Jones Malaysia and Thailand Stock Indexes as the basis for futures and options trading during the market hours of the underlying stock markets.

SIMEX President Mr. Ang Swee Tian said, "The agreement with Dow Jones is a natural progression in our continuing effort to expand our core group of contracts to cover more Asian markets. Following the successful development of our Nikkei and Taiwan index contracts, we are confident that our new contracts, to be based on the well-established Dow Jones Indexes, will prove popular with international fund managers and investors as useful hedging and trading instruments."

"The licensing of our Malaysia and Thailand Stock Indexes to SIMEX is in line with Dow Jones' broader strategy to expand the range of exchange-traded products based on our indexes and will provide international investors with an attractive new way to include these markets in their investment strategies," said Mr. David E. Moran, president of Dow Jones Indexes.

"We are pleased to be associated with SIMEX and we intend to give these indexes our fullest support," he added.

SIMEX is a global futures and options exchange. It offers a wide range of international futures and options contracts on interest rates, currencies, stock indexes and energy products.

For stock indexes, it currently trades futures and options contracts relating to the Japan and Taiwan stock markets. More information on SIMEX can be obtained on the Internet at www.simex.com.sg.

More information on Dow Jones Indexes can be found at http://indexes.dowjones.com. In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ) publishes The Wall Street Journal, its international and Interactive editions, Barron's and SmartMoney magazines and other periodicals; Dow Jones Newswires; Dow Jones Interactive; Dow Jones Markets and the Ottaway group of community newspapers.

Dow Jones is co-owner with NBC of the CNBC television operations in Asia and Europe, which are branded "a service of NBC and Dow Jones." Dow Jones also provides news content to CNBC in the U.S., which is similarly branded during the business day. Worldwide, the new CNBC reaches more than 165 million homes.

CONTACT: SIMEX, Singapore

Raymond Chow, 65/539-1135

or

SIMEX, New York

Leonard J. Schuman, 212/481-8080

or

Dow Jones, Hong Kong

Georgette Tan Adamopoulos, 852/2508-4364

or

Dow Jones, New York

Karen Miller Pensiero, 212/416-2253

http://www.dowjones.com